FOR IMMEDIATE RELEASE
2 October 2014
VANCOUVER — The OneCity team and its City Council candidate, RJ Aquino, are calling for a 20 Over 5 Housing policy to combat the out-of-control costs of living, working and raising a family in Vancouver. Aquino and OneCity say that 20 per cent of the living spaces in all new developments over five units, right across the city, must be be reserved for low- and middle-income people.
With the average family income of renters stuck at around $35,000, the new living spaces being built in Vancouver are simply not affordable for many renters or potential buyers. Vancouver needs more affordable housing, and unlike the Vision-led City Council, Aquino and OneCity are willing to define what affordable means: In all new developments of five living spaces or more, 20 per cent of units must cost no more than 30 per cent of income.
“I know from personal experience, as a young parent raising a family here, that there is a housing crisis in Vancouver. The skyrocketing costs of living in this city are putting pressure on workers, seniors, young people, new immigrants and many others, and they are hurting the local economy as well,” said City Council candidate RJ Aquino. “Right now we have an unbalanced city council that is not hearing or listening to so many voices and communities. OneCity will continue to put forward innovative ideas such as 20 Over 5 Housing that will ease the stress caused by the high cost of living in Vancouver, and we will make sure those ideas and voices are heard at City Hall.”
The 20 Over 5 Housing plan will encourage two-, three- and four-bedroom apartments and homes, built by the developer and then managed by the City’s Housing Authority. There will be no up-front capital costs for the City of Vancouver.
This is the first public piece of a platform that has been researched and created by a OneCity policy team drawn from communities throughout Vancouver. In the coming weeks, Aquino and OneCity will propose additional ideas around affordable housing and child care; giving communities a say in decision making at City Hall; transit and climate justice; and job creation and the local economy.
Find Out More:
Watch and share the OneCity 20 Over 5 Housing video:
Scott Colbourne, OneCity Communications Director: 778.679.1110